Management
Question : Case Study 78
GHI Ltd. is a conglomerate that has recently traded its shares on a stock exchange. The company's management is reviewing the process of placing an order.
Question :
When an investor places an order to buy shares at a specific price, what type of order is this?
Option 1: Market order
Option 2: Limit order
Option 3: Stop order
Option 4: Day order
Correct Answer: Limit order
Solution : The correct answer is (b) Limit order
When an investor places an order to buy shares at a specific price, it is called a "limit order." In a limit order, the investor specifies the maximum price they are willing to pay for a buy
Question : Which technique of scientific management act as the strongest motivator for a worker to reach standard performance?
Option 1: Differential piece wage system
Option 2: Time study
Option 3: Motion study
Option 4: Method study
Correct Answer: Differential piece wage system
Solution : Differential piece wage refers to system in which efficient and infficient workers are paid at different rates. According to Taylor financial incentive act as motivators and scope of extra earnings motivate the worker to put extra efforts. In this technique incentive is
Question : According to this, control system should focus on its key result areas, which are critical to the overall performance of an organisation.
Option 1: Critical point control
Option 2: Critical performance control
Option 3: Management by exception
Option 4: Management by interpretation.
Correct Answer: Critical point control
Solution : According to critical point control, control system should focus on its key areas, which all critical to the overall performance of an organisation. Hence option A is correct.
Question : Case Study: XYZ Electronics Pvt. Ltd.
XYZ Electronics Pvt. Ltd. is a growing company specializing in the manufacturing of electronic gadgets. The management believes in effective directing to ensure smooth operations. Consider the following scenario to answer the questions.
Question:
The supervisor at XYZ Electronics emphasizes open communication to:
Option 1: Create misunderstandings among team members
Option 2: Establish a hierarchy of authority
Option 3: Facilitate the exchange of ideas and information
Option 4: Implement autocratic decision-making
Correct Answer: Facilitate the exchange of ideas and information
Solution : The correct answer is (c) Facilitate the exchange of ideas and information.
Open communication is an essential aspect of effective leadership and team collaboration. It involves encouraging and promoting the free flow of information, thoughts, ideas, and feedback among
Question : Which infrastructure sector focuses on waste management and sanitation?
Option 1: Environmental infrastructure
Option 2: Energy infrastructure
Option 3: Transportation infrastructure
Option 4: Telecommunication infrastructure
Correct Answer: Environmental infrastructure
Solution : The correct answer is (a) Environmental infrastructure
The infrastructure sector that focuses on waste management and sanitation is environmental infrastructure. Environmental infrastructure refers to the physical systems and facilities that are designed to manage and protect the environment, including waste management, sanitation, and pollution
Question : Which objective of management focuses on the use of eco-friendly inputs?
Option 1: Economic objective
Option 2: Social objective
Option 3: Organizational objective
Option 4: Personal objective
Correct Answer: Social objective
Solution : The correct answer is (b) Social objective
The social objective of management includes considerations for environmental sustainability and responsibility. This objective involves promoting practices that are environmentally friendly, such as using eco-friendly inputs, reducing waste, conserving resources, and minimizing the organization's impact on the
Question : Assertion: A tall organizational structure promotes a wide span of control.
Reason: Tall structures have multiple layers of management.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Assertion is true, but the reason is false.
Solution : The correct answer is (c) Assertion is true, but the reason is false.
The assertion is true. A tall organizational structure often leads to a narrower span of control because there are multiple layers of management, meaning each
Question : Although formal training is crucial for giving employees the skills they need to advance within an organisation, the experience workers receive from taking on tasks on their own is just as significant. Which management principle is emphasised in the sentence "experience gained by managing assignments independently"?
Option 1: Training
Option 2: Development
Option 3: Delegation
Option 4: Decentralisation
Correct Answer: Decentralisation
Solution : Decentralization is the systematic attempt to assign all authority to the lowest level, with the exception of that which can be used at the central location. Hence, the correct option is 4.
Question : Case Study 74
UVW Ltd. is a conglomerate that has recently traded its shares on a stock exchange. The company's management is considering the functions of a stock exchange.
What is the function of a stock exchange that ensures transparency in trading and prevents fraudulent activities?
Option 1: Allocation of resources
Option 2: Providing loans to companies
Option 3: Regulation of credit rating agencies
Option 4: Regulation of insider trading
Correct Answer: Regulation of insider trading
Solution : The correct answer is (d) Regulation of insider trading
The function of a stock exchange that ensures transparency in trading and prevents fraudulent activities is the regulation of insider trading. Insider trading involves the illegal practice of trading stocks or other securities
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